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May 3, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Beverly Hills, Business Loans > Excel National Bank Beverly Hills Business Loans > Hotels And Motels Loan | ||||
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Mojave, California Bank for SBA Loans
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Financing for Hotels and MotelsLooking for loans for hotels and motels? Try the SBA. This $1,841,000 hotels and motels loan was issued by a California bank. Getting a small business loan in Mojave, California was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Excel National Bank, operating out of Beverly Hills, California. Here are the details on this California small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender EXCEL NATIONAL BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/25/2006 Loan Approval Gross Amount $1,841,000 Loan Approval from the SBA Of the total $1,841,000 loan amount, the SBA guaranteed $1,380,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Excel National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA Banks in Beverly Hills, California
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